Obama says any cuts to federal spending would harm women, children and maybe their puppies and kittens and so far he’s been able to get away with this lie. But the government’s own inspectors general are saying differently.
In a report Tuesday, the House Oversight and Government Reform Committee identified $67 billion in rampant waste, fraud and abuse.
Since President Obama took office in 2009, money-saving ideas have continued to sit on a shelf, collecting dust. Four years ago, there were 10,894 recommended reductions, compared with 16,900 reductions, worth an additional $30 billion, awaiting action today.
The auditors’ $67 billion in savings is low-hanging fruit, ripe for the plucking, that could easily fund the Departments of Energy, Transportation and Interior, the Social Security Administration, the Environmental Protection Agency, the National Science Foundation and the Small Business Administration in their entirety.
Rep. Darrell E. Issa, the oversight panel’s chairman, says his report only scratches the surface. “We’re looking at about 7 percent of the budget that falls in this category, which means there’s about another $210 billion per year of this kind of waste.”
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